more about dual agency in real estate. Its financing is available for both home purchases and refinances. Kurt Manwaring brings nearly a decade’s worth of research experience as a business consultant to the Move.org team. I always thought it was set in stone that real estate commissions were 3% on each end. Its financing is available for both home purchases and refinances. The buyer’s agent was rough but our agent was always professional and honestly worked harder and was more informed than any realtor I’d ever worked with. Seriously, their system was one of my favorite parts. Reviews for Homie Title, Homie Loans and Utah Realtors Association posted separately-----We bought a home and sold a home using homie earlier this summer. save you thousands of dollars over full-service moving companies. That’s it. Typically, the seller will offer what’s known as a buyer’s agent commission to incentivize agents to show the home to their clients. All homeowners that use Homie’s services pay an average flat listing fee of $2,330. BBB is here to help. Traditional real estate fees average around 6% of your home’s value (the seller pays 3% each to the buyer’s agent and the seller’s agent). ","acceptedAnswer":{"@type":"Answer","text":"Homie Real Estate operates across the state of Utah, as well as in Phoenix, AZ and Las Vegas, NV. That means if you see 10 homes, you work with only 1 agent—not 10 different people. When the buyer is represented by the same agent or brokerage as the seller, that agent or brokerage is directly incentivized to work against the buyer’s best interest, as it means more money for them. Homie Loans is a sister company that guarantees the lowest rates on home loans—or it will pay you $500. Homie was a great idea. If you are a woman, you will not advance. Homie is a flat sales commission of $2,000. For a flat fee of $199, Homie will help you list your home on Homie’s own site, Trulia, Zillow, and other websites. I have reported them also to other agencies for their tactics.... Read More, Better Business Bureau Serving the Pacific Southwest. We basically told him we had an agent and we will submit one through him. Since we sold our first house I started to hear about a new company called homie. BBB remains operational and focused on serving our business community.

They are also expanding out of Utah and Arizona to Nevada. My agent has been absolutely wonderful and responsive and helped me through the entire process when I needed it. When you create your listing they have tons of videos and helpful resources to help you create your listing, set your price, etc. Read more. Homie has an average rating of 4.3/5 rating based on 978 customer reviews on Google, Facebook, Zillow, and Yelp.Â. They even had a super cool service they offered called a “mobile notary.”. Are you the business owner of Homie Loans? Homie sellers in Utah pay a flat $1,500 listing fee. You can learn more about our site and privacy policy here. The range of services you’ll get when you sell with Homie is similar to selling with a traditional agent. Homie aims to make home buying and selling more simple and affordable by minimizing agent commission fees and, instead, refunding buyers and sellers with money saved from utilizing the platform. Your email address will not be published. In Las Vegas and Phoenix, Homie's fee is $2,500. The main benefit on offer seems to be convenience. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.

Based on a home that sells for $350,000 and a total average realtor commission rate of 6%. It even provides early access to home listings and lawyers to help with paperwork. Moreover, if you’re not selling in Utah, Phoenix, or Las Vegas, you’ll need to look into a different brokerage or listing approach. Keep in mind that when you sell to a Homie buyer, they won’t get a buyer rebate — and are forced into a dual agency scenario. If both you and your buyer use Homie, you don’t pay any percentage-based commissions: just two flat rates.

Lifestyle. Regardless of where you’re located, you should expect to pay a buyer’s agent fee. We wouldn't have been able to buy the home we're buying if we hadn't saved that much money.” While traditional realtor fees cost more than $20,000 (6% adds up fast), Homie offers an average flat rate of $4,160. I went on their website and made an appointment. Due to the high volume of transactions homie completes, they have a streamlined process that makes getting your house listed a breeze! Additional terms and restrictions may apply. You can check out homie at their website here. Customers aren't the only ones taking notice.

See the next section for more details. This is a multi-location business. While Homie-2-Homie deals save sellers money, they result in what’s known as dual agency, a potential conflict of interest —. From start to finish, customers can save thousands of dollars. They had really great management and were set on changing things. When you buy a house with Homie, you’ll get a similar range of services and support you would with a traditional realtor. As far as I am concerned, Homie is deceptive and does not deal fairly with people who do not use their agents. Give us a call at 1-833-2-CLEVER or enter your basic info below to get started. Learn more."}},{"@type":"Question","name":"Does Homie Real Estate offer a buyer rebate? Homie assigns a single realtor to your case. Learn more."}},{"@type":"Question","name":"What services does Homie Real Estate offer? You may use them individually or together. Ask a question about working or interviewing at Homie. You are NOT required to use either Homie Loans, Homie Title, Homie Insurance, or Homie. We felt strongly about one family’s offer and decided to accept it. His writing has been featured in hundreds of publications, including USA Today, Country Living, Good Housekeeping, Heavy, Slate, and Yahoo!

With a 3% sales commission that would have cost us $10,500 to list with a traditional realtor. ","acceptedAnswer":{"@type":"Answer","text":"Homie provides a similar range of services for sellers and buyers as traditional agents. The range of services you’ll get when you sell with Homie is similar to selling with a traditional agent. All Rights Reserved, Copyright © 2020 Homie. ","acceptedAnswer":{"@type":"Answer","text":"Homie offers buyers up to $5,000 back at closing. This business offers Real Estate loans services.

All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. McKinzie is a mom of two, and a personal finance enthusiast. Data as of 8/24/2020.

When we did this we had multiple people raise their offers (one by over $20k!)!

Here’s an overview of how the fees break down by location: *If you sell to a Homie buyer At the time of this writing, Homie did not have an apparent BBB profile and does not seem to be accredited.

For a home valued at $200,000, this equals a savings of $3,670. It assigns a single agent to work with you from start to finish and charges a low flat fee instead of a high commission.